PrimeXBT vs FP Markets

PrimeXBT or FP Markets – which is better for UK traders 2025? Compare PrimeXBT and FP Markets in this detailed breakdown of their platforms, features and fees.

PrimeXBT vs FP Markets Comparison Table 2025
PrimeXBT FP Markets
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4.1
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4
PrimeXBT is ranked #30 among CFD brokers. FP Markets is ranked #61 among CFD brokers.
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PrimeXBT is a multi-asset platform providing leveraged trading across forex, indices, commodities, and cryptocurrencies. Established in 2018, it now boasts over 1 million users from upwards of 150 countries. Offering copy trading, low commissions, and no minimum deposit, this broker is a favoured choice for those new to crypto trading. Founded in 2005 in Australia, FP Markets is a broker regulated by both ASIC and CySEC. It offers a wide range of tradable assets and provides Standard and Raw accounts suitable for traders of all levels. The platform excels in tools, featuring the MetaTrader suite, user-friendly TradingView, and practical insights from Trading Central and AutoChartist.
Pros
  • The online platform and app cater to traders, offering advanced charts, a customisable interface, and multiple order options like one-cancels-the-other (OCO).
  • Trading fees for crypto futures contracts are quite competitive, with maker fees at 0.01% and taker fees at 0.02%.
  • PrimeXBT offers ultra-fast execution speeds, averaging 7.12ms, making it an ideal choice for traders seeking optimal pricing during market volatility.
  • Round-the-clock customer support, accessible through live chat, demonstrated outstanding performance during testing. Additionally, the comprehensive help centre offers ideal self-assistance resources.
  • PrimeXBT has introduced new trading options with the addition of tokens such as 1Inch, Aave, and Injective for exchange and investment.
  • FP Markets provides an excellent range of trading options, thanks to its broadened commodities offerings and support for more than 10,000 stocks.
  • FP Markets stands out as a highly accommodating broker for platform selection, offering MetaTrader, cTrader, Iress, and the more recent addition of TradingView.
  • FP Markets provides swift and reliable support, accessible 24 hours a day, five days a week, with average response times under one minute during tests.
  • FP Markets offers a smooth onboarding process, featuring cryptocurrency deposits and a choice of more than 10 base currencies, appealing to traders worldwide.
  • FP Markets now offers advanced research tools from Trading Central and Autochartist. These tools assist traders in spotting short-term opportunities by analysing chart patterns, indicators, and other technical elements.
Cons
  • Despite enhancements, the range of approximately 100 instruments lags significantly behind competitors, such as OKX, which offers over 400 assets.
  • PrimeXBT operates widely in the crypto sector but without approval from a recognised regulator, significantly increasing the risk for retail traders.
  • The absence of integration with established platforms such as MT4 restricts traders accustomed to the globally popular forex software.
  • The Raw account offers excellent pricing. However, the Standard account has wider spreads, averaging 1.1 pips on EUR/USD, which lags behind the competitive 0.8-pip spread at IC Markets.
  • FP Markets’ Iress platform is exclusively available to Australian clients. The platform is geared towards stock trading rather than forex. Data fees may accumulate quickly unless you are an active trader or hold a high-balance account.
  • FP Markets falls short of leading MetaTrader brokers. Although it provides a Trader's Toolbox on MT4, it offers only 130 instruments, restricting opportunities for serious traders. In contrast, Pepperstone offers 1,300 assets.
  • Traders Hub offers valuable resources such as the Daily Report, Technical Report, Market Insights, and Fundamental Analysis. Yet, it should diversify its daily content and ensure its forex news remains current to compete with market leaders like IG.
Awards
  • Best Crypto Trading App
  • Best Platform For Margin Trading
  • Most Trusted Crypto Asset Trading Platform
  • Best Crypto And Forex Broker
  • Best Global Forex Value Broker 2023 - Global Forex Awards
  • Best Forex Partners Programme Asia 2023 - Global Forex Awards
  • Best Forex Broker Europe 2023 - Global Forex Awards
  • Best Global Forex Value Broker 2022 - Global Forex Awards
  • Best Global Forex Value Broker 2021 - Global Forex Awards
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Cryptos, Forex, Indices, Commodities, Futures CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $40
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, FSA, CMA
Mobile Apps
iOS & Android iOS & Android
Trading App

FP Markets does not provide a proprietary web-based or mobile app, a downside for beginners. However, there are the mobile versions of MT4/MT5, cTrader, and TradingView that offer real-time quotes, advanced charting tools, account management features, and order execution. Australian clients are also exclusively offered access to the Iress mobile platform, which delivers sophisticated features including analytics, module linking, and multiple portfolio management.
iOS App Rating
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4.6
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4
Android App Rating
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3.8
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4
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
PrimeXBT provides an effective trading service that allows traders to emulate the strategies of others using both free and premium signals. After identifying a suitable strategy provider, you can easily begin by selecting 'follow'. FP Markets has launched its own social copy trading platform and provides access to the MetaTrader signals market. Additionally, it supports Myfxbook, making FP Markets a strong choice for social copy trading. Despite the platform being less user-friendly than cTrader Copy, these features enhance its appeal for traders.
Social Trading
Yes Yes
Trade Signals
No
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • JPY
  • CHF
  • HKD
  • SGD
Commodities
  • Gold
  • Oil
  • Silver
  • Natural Gas
  • Copper
  • Zinc
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Platinum
  • Palladium
  • Copper
  • Aluminium
  • Soybeans
  • Corn
  • Wheat
  • Steel
  • Iron
  • Cocoa
  • Cotton
  • Sugar
  • Coffee
CFD
PrimeXBT provides CFDs in four asset classes with leverage reaching 1:1000. Novices can benefit from the broker’s technical analysis guides and CFD education. Additionally, 24/7 live chat support is available on the platform. FP Markets provides CFD trading across an excellent range of financial instruments, including stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. Traders benefit from competitive spreads, rapid execution, and leverage up to 1:500, supported by top-tier liquidity. This ensures a smooth and efficient experience for short-term market participants.
Leverage
1:1000 1:30 (UK), 1:500 (Global)
FTSE Spread
Variable 1.64
GBPUSD Spread<
Variable 1.9 average
Oil Spread
Variable 0.04
Stocks Spread
Variable Variable
Forex
PrimeXBT provides trading services for more than 50 major, minor, and exotic currency pairs, with the benefit of margin trading and no commission fees. Our recent assessments show the platform to be fast, dependable, and well-equipped, featuring three chart types, ten timeframes, and 91 technical indicators. This makes it ideal for those employing active trading strategies. FP Markets is an outstanding choice for forex enthusiasts, offering more than 70 currency pairs, with an expanded range of exotic options. Traders benefit from competitive pricing, with average spreads as low as 0.1 on EUR/USD in the Raw account.
Assets
45+ 70+
GBPUSD Spread
Variable 0.2
EURUSD Spread
0.1 0.1
EURGBP Spread
Variable 0.3
Currency Indices
  • USD
Cryptocurrency
Traders can engage in the speculation of popular cryptocurrencies with commissions starting at just 0.05% and leverage reaching up to 1:200. Furthermore, the broker enhances its portfolio by launching crypto futures and hosting trading contests that offer tangible prizes. FP Markets offers CFDs on major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Traders can engage in speculation on price fluctuations through these derivatives. However, direct coin ownership is not provided. Additionally, emerging tokens for avid crypto traders are not available on FP Markets.
Spread
0.05% BTC, 0.05% ETH 17.3 (Bitcoin)
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • EOS
  • ADA
  • DOT
  • SOL
  • UNI
  • LINK
  • DOGE
  • BNB
  • ICP
  • SAND
  • more
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTC
  • RPL
  • SOL
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
PrimeXBT FP Markets
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